Research Briefing | Sep 29, 2021

European cities short-term recovery to be followed by long-term realignments

Ipad Frame-European-Cities-Short-term-recovery-to-be-followed-by-long-term-realignment

Despite another shift in the Covid-19 situation across Europe, national governments have largely resisted imposing new lockdowns, and our short-term forecast is now slightly stronger than in June. In the long term, eastern European cities will lead GDP growth, followed by a group of mainly northern cities. We expect southern cities to generally underperform.

What you will learn:

  • Consumer sectors are rebounding strongly across Europe, but the return of tourists has been slow, and we do not expect the worst hit sectors to return to 2019 output levels until late 2022.
  •  Of Europe’s 30 major cities, we now expect 10 to exceed to pre-pandemic GDP levels this year.
  • Over the long term we forecast eastern European cities to lead economic growth, driven by continued investment boosting their productivity.

{% video_player “embed_player” overrideable=False, type=’scriptV4′, hide_playlist=True, viral_sharing=False, embed_button=False, autoplay=False, hidden_controls=False, loop=False, muted=False, full_width=False, width=’1920′, height=’1080′, player_id=’56977904197′, style=” %}

 

Back to Resource Hub

Related Services

Indonesia parliament complex building

Post

Indonesia likely to miss fiscal target in 2023

We expect Indonesia's budget balance to show a large deficit in H2 of this year as the cost of fuel subsidies is finally reflected in the fiscal accounts.

Find Out More
Shipping port in Thailand, Asia

Post

Shifting Asian supply chains amid ongoing US-China frictions

Manufacturing hubs in South East Asia are set to benefit from firms hedging against ongoing US-China frictions, in our view, and ASEAN countries will continue to be attractive destinations for investment.

Find Out More